Baird Capital Invests in ModelOp
Baird Capital’s Venture team today announced it led a $10 million Series B funding found in Chicago-based ModelOp, the leading AI Governance software for enterprises. ModelOp recently won the 2024 AI Breakthrough Award for “Best AI Governance Platform,” and the investment will expand ModelOp’s team, accelerating go-to-market efforts and product innovation.
Fortune 500 companies and innovative enterprises — including Fidelity Investments, FINRA, and Bristol Myers Squibb — use ModelOp as a single source of truth that provides real-time visibility into AI risk, performance, health, and value. Through automation, ModelOp ensures all AI initiatives are transparent, compliant, and aligned with organizational goals.
“This exciting milestone will fuel the continued growth of our leading AI Governance software," said Pete Foley, CEO of ModelOp. “Baird Capital is an incredible partner and we’re proud to tap their deep expertise in B2B technology as we help enterprises get started with governance and scale their AI initiatives responsibly.”
“We’re very excited to partner with the ModelOp team in their mission to accelerate AI innovation while ensuring appropriate enterprise risk management and regulatory compliance,” said Jim Pavlik, Partner with Baird Capital’s Venture Capital team. “We’ve been extremely impressed by ModelOp’s robust software capabilities, strong leadership and blue-chip customer base, and look forward to supporting the company’s future growth.”